The housing market has rebounded since the 2008 economic recession and it’s safe to say that Tampa’s housing market has rebounded right along with it. In fact, the Tampa Bay area is enjoying some of the healthiest market ratings in the nation, according to Investopedia.
The past couple of years have been good to Tampa real estate, especially single family homes.
The reason? Tampa Bay is becoming a major economic generator for the state, with major growth factors contributing to its success
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The Facts on Tampa’s Housing Market
Here are some of the current figures highlighting the strength of Tampa’s housing market right now:
- Job Growth
- Year-over-year, job growth in the metro-area is up 3.1%
- Consistent 2-4% growth over past 5 years
- Housing Market
- Home values for existing homes in the Tampa Bay area have increased to 13.1%
- Population Growth
- According to a recent Census Bureau report, Tampa had the fourth-highest gain nationwide in population growth with roughly 60,000 moving to the area.
Moving to Tampa?
If you’re considering a move to Tampa, there really isn’t a better time. Strong job growth and population growth have made Tampa Bay a stable market and allowed home values to rebound. Right now, every economic factor is in alignment to position Tampa’s housing market as one of the strongest in the nation.
Plus, the Tampa Bay area has tons to offer residents in terms of recreation, entertainment and culture. Geographically, Tampa is well-positioned within the state. With major highways and interstates connecting through Tampa, it is easy to get anywhere in the state. Plus rail lines, an international airport and a shipping port, it is a great travel hub.
Want to Know More
We’ve got a great archive of attractions and things to do in Tampa on our blog. Check it out! If you’re interested in finding out more Tampa’s housing market and stats, check out this Metro Study report.